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Day: November 30, 2024

Diamond Jubilee Celebrations of National Bank of Pakistan75 Years of Unwavering Excellence

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Diamond Jubilee

Exuberant celebrations filled with unwavering dedication and opulent prestige marked the 75th anniversary of the National Bank of Pakistan (NBP). Held at the historic Mohatta Palace in Karachi, the event was attended by eminent dignitaries from the government, business community, and customers from across the country.Mr. Rehmat Ali Hasnie, President NBP, warmly welcomed the Chief Guest, Mr. Jameel Ahmad, Governor…

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U.S. Imposes Tariffs on Solar Panels from Southeast Asia Over Dumping Allegations

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Solar-Panels

Washington: The U.S. Commerce Department has announced tariffs on solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam following allegations of market dumping. The decision stems from a trade complaint by Hanwha Qcells, First Solar Inc., and other U.S. manufacturers seeking to safeguard domestic solar investments. Dumping duties range from 21.31% to 271.2%, varying by company and country of origin.…

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China Coal Secures 4 GW of Solar Modules at $0.10/W in Major Procurement Round

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Solar-Modules

Beijing: China Coal Energy Group (China Coal) has finalized contracts for 4 GW of solar modules from JinkoSolar, Tongwei Solar, JA Solar, and DAS Solar in its first centralized procurement for 2024. The procurement includes 3 GW of n-type tunnel oxide passivated contact (TOPCon) modules (2.7 GW bifacial, 0.3 GW single-sided) priced at CNY 0.755 ($0.10) per watt and 1…

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Eskom Issues Tender for 72 MW Solar Project at Komati Power Station

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power-solar

South Africa: Eskom, the South African utility, has invited bids for an engineering, procurement, and construction (EPC) contractor to develop a 72 MW solar PV project at its Komati Power Station. The project will involve designing, procuring, constructing, and commissioning a solar PV system across four adjacent land parcels near Middelburg and Bethel. The EPC contractor will also provide detailed…

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PPL Announces Gas and Condensate Discovery in Sindh’s Shah Bandar Block

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New-PPL

KARACHI: Pakistan Petroleum Limited (PPL) has announced a significant gas and condensate discovery in the Shah Bandar Block, District Sujawal, Sindh. This marks the second hydrocarbon find at the Pateji X-1 well, highlighting its exploration success. According to material information shared with the Pakistan Stock Exchange, PPL identified the new discovery in the Upper Sand (C-Sand) reservoir after thorough in-house…

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Revised PPAs Signed with Dozen IPPs as Task Force Pushes for Consumer Relief

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K-Electric to resolve overbilling issues or face legal action

ISLAMABAD: The government’s energy task force, led by Federal Energy Minister Sardar Awais Khan Leghari, has renegotiated Power Purchase Agreements (PPAs) with about a dozen Independent Power Producers (IPPs) established under the 1994 and 2002 Power Policies, according to official sources. The task force, comprising top officials and energy experts, is holding firm negotiations with IPPs to address issues related…

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Minister Targets Rs5 Tariff Cut through IPP Reforms, Highlights Reduced DISCO Losses

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Power-sector

ISLAMABAD: Federal Energy Minister Awais Leghari announced significant reforms in the power sector on Friday, including the termination of agreements with Independent Power Producers (IPPs) to reduce electricity tariffs. Speaking at a briefing hosted by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he revealed that electricity rates could drop by Rs5 per unit following renegotiations with additional…

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